From Tradearabia.com: Gulf Finance House (GFH), a Manama-based Islamic financial services provider, said on Monday it had raised $300 million in fresh capital through a rights issue, slightly short of its initial $345 million target.

GFH undertook the rights issue to repair its balance sheet after posting three consecutive quarterly losses as last year’s end to a regional property boom hit its business model of arranging financing for infrastructure and real estate projects……………………..Full Article: Source